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    International Economics Study Set 12
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    Exam 7: Trade Policies for the Developing Nations
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    Figure 7.3. World Oil Market
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Figure 7.3. World Oil Market

Question 84

Question 84

Multiple Choice

Figure 7.3. World Oil Market Figure 7.3. World Oil Market   -Consider Figure 7.3.Under a profit-maximizing cartel, producers realize A)  profits totaling $280. B)  profits totaling $360. C)  losses totaling $140. D)  losses totaling $180.
-Consider Figure 7.3.Under a profit-maximizing cartel, producers realize


A) profits totaling $280.
B) profits totaling $360.
C) losses totaling $140.
D) losses totaling $180.

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